CORPORATE EDRA TO LAUNCH SUKUK BY YEAR-END Independent Malaysian power producer Edra Power, formerly owned by state fund 1MDB, has commenced a roadshow on a potential RM5.28 billion (US$1.25 billion) 20-year Sukuk expected to launch before the end of December 2017. CIMB

CORPORATE DAE TO ISSUE SUKUK Dubai Aerospace Enterprise (DAE) is planning to issue Sukuk by June 2018, according to CEO Firoz Tarapore. Although the size of the facility was not specified, Firoz said that the company intends to be a repeat, benchmark

CORPORATE DANA GAS SAYS NO TO SUKUKHOLDERS’ PROPOSAL The UAE’s Dana Gas has rejected the proposal of its Sukukholders, which include BlackRock and Goldman Sachs Group, to end the controversy surrounding its US$700 million Sukuk, according to Bloomberg citing unnamed sources who

CORPORATE MERAAS REOPENS SUKUK SUBSCRIPTION The UAE’s Meraas Holding on the 14th August priced a US$200 million Sukuk reissuance under its US$400 million Sukuk program sold in May 2017. Under a bond tap, an existing transaction is reopened for subscription using the

CORPORATE First green Sukuk on the cards Malaysia’s Quantum Solar Park Semenanjung will issue the country’s first green sustainable and responsible investment (SRI) Sukuk this year. The solar power producer, owned by Quantum Solar Park Malaysia, seeks to raise up to RM1

CORPORATE Crisis talks for Dana Gas UAE: Dana Gas has started refinancing discussions with the holders of its US$700 million Sukuk maturing in October this year. After failing to receive payments from investments in Egypt and Kurdistan, the company has been plagued

CORPORATE Digi to raise US$1.1 billion MALAYSIA: Mobile operator Digi plans to raise RM5 billion (US$1.12 billion) in Sukuk to pay for network upgrades. The funds will be raised through an Islamic 15-year medium-term notes program of up to RM5 billion as

News briefs CORPORATE Islamic home financing for prestigious Dubai projects UAE: Marina Arcade has partnered with Emirates Islamic for the provision of home financing packages for the Marina Arcade Tower, a freehold residential development in Dubai Marina. Jumeirah Golf Estates has also

News briefs CORPORATE Islamic home financing for prestigious Dubai projects UAE: Marina Arcade has partnered with Emirates Islamic for the provision of home financing packages for the Marina Arcade Tower, a freehold residential development in Dubai Marina. Jumeirah Golf Estates has also

News briefs CORPORATE Islamic home financing for prestigious Dubai projects UAE: Marina Arcade has partnered with Emirates Islamic for the provision of home financing packages for the Marina Arcade Tower, a freehold residential development in Dubai Marina. Jumeirah Golf Estates has also

News briefs CORPORATE Islamic home financing for prestigious Dubai projects UAE: Marina Arcade has partnered with Emirates Islamic for the provision of home financing packages for the Marina Arcade Tower, a freehold residential development in Dubai Marina. Jumeirah Golf Estates has also

News briefs CORPORATE Sukuk on the horizon for Almarai SAUDI ARABIA: The largest integrated dairy foods firm in the world recently approved its latest five-year plan for 2017-21 which will see its investment pans financed through the issuance of Islamic bonds as

CORPORATE Emirates Airline closes major Islamic aviation facility GLOBAL: Emirate Airline has closed an aviation financing facility worth US$1 billion for the delivery, sale and leaseback of four jumbo Airbus A380-800s with the UK’s Investec Bank, of which two were financed Islamically.